Navigating through Envato markets, specially ThemeForest and CodeCanyon, I have found some products which requires certain skills in some languages or a more than basic knowledge on the cms or program they use. This can make clients hesitant to buy some products, or even worst, possible surprise or deception that may develop into bad rattings or support issues for the author.
I think It would be quite usefull to calificate all products in the skills they require. For example:
- HTML: Basic
- CSS: Medium
- WordPress: Basic
- PHP: Basic
Adding a client calification would be great as authors may find some skills basic that clients can find hard.
Adding a search filter would be awesome, but this may be asking too much.Hope you find this as a usefull sugestion
Well, I see a problem here. The real question for the buyer goes to this – “can I complete my project using the X product?”. However, depending on your requirements the skills required may vary and if a seller claims that his X product requires for example Basic to No HTML skills but you ended up learning some new more advanced HTML skills to be able to finish your project as it had some nuances, this can lead to a refund requests based on “false advertisement of product features” claim and that’s a very obscure and subjective topic and might lead to confusion and trouble more than to a clearer structurization of products which was the initial goal.
Would it be possible to get a statement from the IRS or an accountant about how the way things are being handled is an actual legitimate way of handling business and that we will not run into issues with the IRS?
So far, everyone here that has spoken to a tax professional has heard that nothing about this sounds legitimate and that we will run into issues with the IRS.
The only thing that needs to be explained right now is how this structure will NOT cause any red flags. The feeling I’m getting is that Collis know this may cause some issues, but that the company will extend itself to try and help with those issues, rather than avoiding the issues in the first place.It’s never a good business practice to be reactive instead of proactive. The trick is to avoid the IRS, not open the door for them and then deal with the fallout.
I raised this question before on forum but I believe it’s not gonna be answered. And here’s the deal – you might know that absolute majority of world bank transactions goes through New York (namely, Citibank or others). Now US has introduced this policy not long ago – if you want to use the system, comply with the regulation (gov says it’s an anti money laundering policy, I say it’s another level of control, but let’s leave the politics for another day, especially when it’s subjective and prohibited to discuss in forums). And the regulation states that any transaction made by or to a US resident or citizen must be reported to IRS. Envato won’t tell this perhaps but I guess the situation for them is this – either you report all you can to IRS or you’re gonna have big problems. Totally another thing is what exactly they are going to report to IRS which is beyond any common sense and have been already discussed numerous times so I wouldn’t perhaps introduce anything new on this subject
This sounds familiar: http://www.microstockdiaries.com/shutterstock-and-tax.html
fortunately envato is not a US based company
Seems that company is Australian based as well. The company name is Challenging Tomorrow Pty Ltd. Judging from their linkedin profile, headquarters are based in Melbourne. And still, this doesn’t make it any clearer none of the concerns raised so far by community. They have their own model which differs from Envato one and cannot be compared as such.
I still cannot reply to that post it just throws me on top of the forum
If not, try changing 26 to 27.
CodingJack saidRIght now you can still post a reply with this link: http://themeforest.net/forums/thread/important-information-for-us-authors/144314?page=26&reply=0#post_reply_guidelines
It’s only not working for me in the “US Tax” thread. I can post a reply on all other threads. Conspiracy?
(I changed page = 28 to 26 and it works).
Dear Collis, in none of your answers in this thread you mention the very reason of these changes or I may assume that this question intentionally doesn’t get any attention. Based on your comments these changes seem inevitable inspite of lawfully valid concerns of probably every single US-based author from TF’s top 100 list which are the main source of TF revenue, not even talking about all other authors.
I am aware of the new US law (the Government states that it’s their anti-money-laundering policy), based on which every US resident or citizen, when opening a bank account (no matter where the person is currently located or in which country the bank is), should sign a paper which gives IRS permission to check his bank account whenever requested. However, you are apparently not a bank, nor you are some monster multinational corporation with offshores in Panama and Virgin islands and billions of shady revenue so my question is - under what jurisdiction exactly you are required to make these changes and as a consequence are requireing authors to send you such a sensitive private information (I’m not even talking about reporting full income to IRS which has already been discussed and questioned numerous times).
Imagine this – I have a company in some country, let’s say Hungary and I have some US employees, now is there any law that can force me to report to IRS??? I’m reporting to my country’s revenue services only and have no obligation to report to any third party country’s tax service whatsoever. That’s how the international law and rights work. Or maybe I am missing something?
Again, could you please clarify based on which regulation exactly the Envato, being an Australia-based corporation which is known as a fully independent country at least as of March 3, 1986, is forced to report to IRS?
Ye, Kriesi is an impressive man, I will become him when I grow up
Jokes aside, this is a great accomplishment so congrats and best wishes!
Lol, seems this guy thinks he has hired all forum members as support staff and everyone owes him here. Instead of “thank you” for the efforts of people who sincerely try to be helpful it goes “visit this site you can causing a waste of time to me.”.
I really wonder Why does anyone even bother answering this unrespectful moron after all this?
Collis, could you please answer the following question – I live in the United states but I’m not a citizen or resident nor I fall under any point on W-9 form list so I’m not legally required to acquire a taxpayer ID (although I still can do it voluntarily). Now, would you force me to acquire taxpayer ID or would I have any other problems as such when requesting my payments by the end of the month? Thanks.
Thanks for the link, Organicbee, really appreciate it. However this matter has been on my sight since the day I’m in the US and I’m quite familiar with the taxation law statements provided in the link. Still, I don’t fall under any category here as I don’t have a U.S. source income so question remains open.